One example of this opportunity is through the Ohio Research and
Commercialization Grant Program (ORCGP), which recently awarded Columbus,
Ohio-based Hyper Tech Research, Inc. a $350,000 grant to develop a
state-of-the-art technology with Rolls-Royce. Hyper Tech Research Inc. and
Rolls-Royce will develop and commercialize superconducting fault current
limiters (SCFL), low-cost, high-current devices intended to protect power
grids. Using a unique Rolls-Royce patented FCL design and Hyper Tech's
patented manufacturing process, the companies plan to penetrate the several
hundred-million-dollar per-year market with applications in commercial
marine, military, government and power utility services. ORCGP funding
would be used for manufacturing and quality control expansion of the wire
manufacturing.

"Ohio is helping to make incredible dreams a reality through programs like
this," said Norm Chagnon, staff director for Ohio's Third Frontier
Commission. "Business owners have access to a variety of programs that
nurture business growth and development. What makes ORCGP unique is its
ability to take expanding companies to that next crucial step; it goes
beyond research and development and allows companies to commercialize a
product and get it out in the marketplace. The state's culture of
collaboration between entrepreneurs, businesses and large companies really
makes any ambition achievable."

Ohio's Third
Frontier Project, a $1.6 billion initiative to help catalyze
connections between companies and academia, supports the development
process. The Third Frontier Project is Ohio's largest-ever commitment to
high-tech job creation and economic progress.

The ORCGP was created in 2004 as part of the Ohio Third Frontier Project to
help small technology companies assess and realize the commercial potential
of research projects, leading to a greater likelihood of commercialization.
The program augments federal research and development funding through the
Small Business Innovation Research (SBIR) program, the Small Business
Technology Transfer (STTR) and Advanced Technology Program (ATP), helping
companies take the next step to successful commercialization. To date, more
than $8 million in ORCGP funds have been awarded to projects across the
state.

"Ohio's strength in developing new technologies is made possible by its
world-class logistics infrastructure and the many educated, skilled workers
the state has helped develop," said Ed Burghard, executive director of the
Ohio Business Development Coalition. "Programs like ORCGP enable business
dreams to become a reality, but Ohioans can achieve their personal
aspirations as well. Executives enjoy a unique tapestry of metropolitan and
micropolitan city structures, and a variety of low-cost, low-stress communities
that allow executives the opportunity to pursue their personal ambitions
and achieve a complete work-life balance. Ohio truly is the state of perfect
balance."

About the Ohio Business Development Coalition

The Ohio Business Development Coalition is a nonprofit organization that
provides marketing strategy and implementation to support Ohio's economic
development efforts. For more information, visit
http://www.ohiomeansbusiness.com.